Out of the properties retaining as much possible money.

we have a law firm on retainer to keep us and our partners safe since this is all changing so fast.

@aaron shearin’s method works well for prepaid fees that you pay such as a lawyer retainer. 

Sold for $80,000 profit and retained property management agreement with new owner.

Is there a investor friendly estate planning strategy that will allow them to take out a HELOC and retain their CA Prop 13 rights?

There was a huge hill that took up 3/4 of the land and you could only build on 1/4 of it, you also had to do a slope stability report and build a retaining wall at the bottom of the hill which scared most buyers and made the seller lower his price.

If you have a moisture problem in the basement fixing it will help retain value.

Applicant understands that landlord may accept multiple applications for this rental unit and retains sole discretion to select the most qualified applicant.

You would then use this account for your credit from the above transaction.Make sure it's not included with your other expenses because you want your Profit and Loss to look like this:Income  xxxExpenses xxxNet Income xxx  <-----  This number is still really important to keep track ofNon Taxable Transactions xxx <----- This number will need to be added back to the Retained Earnings number as a manual adjustment on the tax return, if this is a multi member LLC, S-Corp or C-Corp. for each year going forward. 

3) AnonymityMany landlords are able to retain a level of anonymity behind an LLC. pretty tough to do for me as an owner occupant.1) and 2) are by far the most important reasons I do not use an LLC in my personal investing with house-hacks.